Morgan Stanley’s Australian private bankers have whizzed around the world to find three pre-IPO fund managers to sit alongside local favourite Regal Funds Management in a new fund.
Morgan Stanley’s Australian private bankers have whizzed around the world to find three pre-IPO fund managers to sit alongside local pick Regal Funds Management in a new fund.Dubbed the Global Pre-IPO Fund, 2022 Series, the fund would target hot, global companies heading for stock exchanges, according to confidential documents sent to potential investors this month and obtained by this column.
Street Talk understands Morgan Stanley Wealth Management Australia was seeking to raise $100 million from select wealthy clients, with room to stretch to $150 million from advised high-net-worth types not on the firm’s books. It was looking at a September launch.
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